Jean Chatzky

Introducing a segment on Thursday's NBC Today about parents saving for college, co-host Matt Lauer and the show's financial editor Jean Chatzky spent a scant twenty-four seconds on President Obama's recently announced proposal to hike taxes on college savings accounts. Lauer noted: "Talk to me a little bit about what President Obama was referring to when he gave the State of the Union address and he talked about proposing changes to 529 accounts."

Surprise: NBC finally found a business it likes - even a business decision it likes: companies that help homeowners who decide to walk away from their mortgages.

"New figures show foreclosures in the U.S. are up about 35-percent from a year ago," Matt Lauer kicked off an April 20 segment of "Today" that encouraged homeowners - even those financially comfortable - to simply walk away. "And a growing reason why are people who simply choose to walk away from their mortgage even when they can afford it."

"Experian, the credit-monitoring service, says 588,000 borrowers - or 18-percent of those who have defaulted on their mortgages in the past year - did it for strategic reasons and not because they're broke," NBC's George Lewis reported. "It's called a strategic default, walking away from a home and enduring foreclosure out of frustration with a bad investment."

On the scene with the Schreur family in Folsom, California, Mr. Schreur acknowledged in an interview that although his family was not in any financial distress, a sharp decline in house value incited the family to default, as any other option "made no sense."

The mission of the Media Research Center is to create a media culture in America where truth and liberty flourish. The MRC is a research and education organization operating under Section 501(c)(3) of the Internal Revenue Code, and contributions to the MRC are tax-deductible.